What does Psalm 49:13 mean?

Both rich and poor, alike, should understand what wealth can or cannot do (Psalm 49:1–2). Wealthy people often trust in their riches instead of in God. Being able to solve earthly problems with money can numb someone to their spiritual needs (Psalm 49:10). It becomes easier to believe one has no need of help—that they are self-sufficient. Scripture calls such trust "foolish confidence." The psalmist also shakes his head to think that people approve of wealthy boasting about their security.

An almost exact example of this scenario is found in one of Jesus' parables (Luke 12:13–21). He commented on the condition of a rich farmer who felt secure because his crops produced a super-abundant harvest. The man did not realize God would call him into eternity that very night. Despite feeling so secure, he was just as vulnerable as any other man. Jesus observed, "So is the one who lays up treasure for himself and is not rich toward God" (Luke 12:21). Jesus also commented that "it is easier for a camel to go through the eye of a needle than for a rich person to enter the kingdom of God" (Luke 18:25). He followed this comment by explaining that it is possible for a rich person to be saved, but it requires an act of God (Luke 18:27). Worldly wealth can be used for good purposes (1 Timothy 4:4; 6:17–19) but it comes with many risks, as well.